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(Transportation-News.com, October 31, 2019 ) The global Automotive Hydraulics System Market is estimated to be USD 30.57 Billion in 2016 and is projected to grow at a CAGR of 6.04% from 2017 to reach USD 51.37 Billion by 2025. In this study, 2016 has been considered the base year, and 2017–2025 the forecast period, for estimating the size of the market.
The report analyzes and forecasts the market size, by value (USD million), of the automotive hydraulics system market. The report segments the market and forecasts its size, by region, application, OE component, on-highway vehicle, off-highway vehicle, and aftermarket component. The report also provides a detailed analysis of various forces acting in the market including drivers, restraints, opportunities, and challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
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The global automotive hydraulics system market is segmented by application, OE component, on-highway vehicle, off-highway vehicle, aftermarket component, and region. The report discusses four automotive hydraulics system applications, namely, hydraulic brakes, clutch, suspension, and tappets. Hydraulic brakes segment accounted for the largest market shares in the market by application and is estimated to grow with the highest CAGR during the forecast period following its wide applications in several types of vehicles.
The hydraulic tappets segment is estimated to be the fastest growing market for automotive hydraulics systems by application, followed by hydraulic brakes, hydraulic clutch, and hydraulic suspension. This segment is estimated to experience a stable growth due to engine upsizing by the various automaker in their vehicles.
The slave cylinder segment for automotive hydraulics system OE market by the component is expected to grow at the highest CAGR followed by the reservoir, hose and master cylinder segment. The slave cylinder segment is estimated to account for the highest share in the automotive hydraulics system market, following its wide applications in automotive hydraulics system.
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Key Players:
The ecosystem of the automotive hydraulics system market consists of manufacturers such as Aisin Seiki (Japan), Bosch (Germany), ZF (Germany), BorgWarner (US) and JTEKT (Japan) and research institutes such as Colorado Off-highway Vehicle Coalition (COHVCO), Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).
Target Audience
• Automotive hydraulics system manufacturers
• Infrastructure Development Companies
• Automobile organizations/associations
• Compliance regulatory authorities
• Government agencies
• Information Technology (IT) companies & System integrators
• Investors and Venture Capitalists (VCs)
• Raw material suppliers for automotive hydraulics system
• Traders, distributors, and suppliers of automotive hydraulics system
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MarketsandMarkets™
Mr. Shelly Singh
18886006441
raviraj.tak@marketsandmarkets.com
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